#BadBank my absorb stressed assets of only banks, not NBFCs initially. Top bankers tell Dinesh Unnikrishnan why.
https://www.moneycontrol.com/news/business/will-nbfcs-be-allowed-to-transfer-stressed-assets-to-proposed-bad-bank-6533671.html
#Budget2021 #Banking #NBFC
https://www.moneycontrol.com/news/business/will-nbfcs-be-allowed-to-transfer-stressed-assets-to-proposed-bad-bank-6533671.html
#Budget2021 #Banking #NBFC
Moneycontrol
Will NBFCs Be Allowed To Transfer Stressed Assets To Proposed Bad Bank?
Transferring bad loans to an ARC is only the last option for a lender. That happens at a deep discount, which may not attract NBFCs.
#MCInsider is here with your #MondayMorning fix of sizzling hot gossip 🔥⭐️
You would not believe the scoops we've got for you this week! IT raids on pharma group, new NSDL boss, IIM tension, #privatisation buzz, #NBFC moves & much more: https://www.moneycontrol.com/news/business/income-tax-raids-on-pharma-group-new-nsdl-boss-iim-tension-privatisation-nbfc-bengal-assembly-election-6617011.html?utm_source=telegram&utm_medium=social
You would not believe the scoops we've got for you this week! IT raids on pharma group, new NSDL boss, IIM tension, #privatisation buzz, #NBFC moves & much more: https://www.moneycontrol.com/news/business/income-tax-raids-on-pharma-group-new-nsdl-boss-iim-tension-privatisation-nbfc-bengal-assembly-election-6617011.html?utm_source=telegram&utm_medium=social
Moneycontrol
MC Insider: I-T Raids On Pharma Group, New NSDL Boss, IIM Tension, Privatisation Buzz, NBFC Moves And More
Hush-hush tales from the world of stock markets, banking, corporate world and corridors of power
Liquidity cover at CRISIL Limited-rated non-banking financial companies (NBFCs) has improved from a year ago, putting them in a better position to service debt in the near-term, and cushioning the impact of lower collections because of the second wave of the Covid-19 pandemic, a CRISIL Rating study showed
https://www.moneycontrol.com/news/business/nbfcs-liquidity-cover-improves-from-year-ago-period-says-rating-agency-crisil-7160361.html
#Covid19 #Crisil #NBFC
https://www.moneycontrol.com/news/business/nbfcs-liquidity-cover-improves-from-year-ago-period-says-rating-agency-crisil-7160361.html
#Covid19 #Crisil #NBFC
Moneycontrol
NBFCs' Liquidity Cover Improves From Year Ago Period, Says Rating Agency Crisil
A gradual lifting of restrictions has resulted in an improvement in collections in June; but to a level still lower than March 2021, Crisil said.
#MCPro: The dent to #earnings after the spread of the virus is visible in its June quarter numbers. But the #NBFC started to turn things around in July. What should investors do next?
https://www.moneycontrol.com/news/business/moneycontrol-research/creditaccess-grameen-should-investors-bet-on-improving-collection-efficiency-7396741.html?utm_source=telegram&utm_medium=social
https://www.moneycontrol.com/news/business/moneycontrol-research/creditaccess-grameen-should-investors-bet-on-improving-collection-efficiency-7396741.html?utm_source=telegram&utm_medium=social
Moneycontrol
CreditAccess Grameen – Should Investors Bet On Improving Collection Efficiency?
While collections of CreditAccess Grameen improved in July, a sustained uptrend will be key from the asset quality perspective
Bajaj Finance has been doubling down on its digital presence in the past 18 months & MD Rajeev Jain has detailed the next steps the firm will take to grow its virtual footprint through its super app.
Know more at
https://www.moneycontrol.com/news/business/companies/bajaj-finances-super-app-ambitions-customers-will-have-over-30-services-on-one-app-7974701.html
#BajajFinance #EMI #loans #NBFC
Know more at
https://www.moneycontrol.com/news/business/companies/bajaj-finances-super-app-ambitions-customers-will-have-over-30-services-on-one-app-7974701.html
#BajajFinance #EMI #loans #NBFC
Moneycontrol
Bajaj Finance's Super App Ambitions: Customers Will Have Over 30 Services On One App
Phase I of the digital transformation journey has gone live and in Phase II Bajaj Finance's app will offer 72 features as compared to 52 currently.
TT Srinivasaraghavan, board member of Sundaram Finance, shares his thoughts on the merger between the #HDFC and #HDFCBank and its implications for the banking and #NBFC sectors.
Read on 👇
https://www.moneycontrol.com/news/business/hdfc-hdfc-bank-merger-it-was-only-a-question-of-when-says-tt-srinivasaraghavan-8323311.html?utm_source=telegram&utm_medium=social
Read on 👇
https://www.moneycontrol.com/news/business/hdfc-hdfc-bank-merger-it-was-only-a-question-of-when-says-tt-srinivasaraghavan-8323311.html?utm_source=telegram&utm_medium=social
Moneycontrol
HDFC-HDFC Bank Merger: It was only a question of when, says TT Srinivasaraghavan
The banking landscape has changed dramatically with the merger of India’s biggest mortgage financier and biggest private sector bank by asset size. Yet, NBFCs have no reason to fret; they have the knowledge required to assess, lend and collect loans from…
The proposed mega #merger between Housing Development Finance Corp & HDFC Bank has triggered talk of consolidation within the #NBFC sector.
Read what could be next 👇
https://www.moneycontrol.com/news/business/banks/after-hdfc-mega-merger-mas-in-nbfc-sector-likely-to-rise-say-experts-8329041.html?utm_source=telegram&utm_medium=social
Read what could be next 👇
https://www.moneycontrol.com/news/business/banks/after-hdfc-mega-merger-mas-in-nbfc-sector-likely-to-rise-say-experts-8329041.html?utm_source=telegram&utm_medium=social
Moneycontrol
After HDFC mega merger, M&As in NBFC sector likely to rise, say experts
This is not the first time that there has been talk of consolidation in the NBFC sector. Lower-rated NBFCs have struggled accessing liquidity at cheaper rates since 2018 when the beleaguered IL&FS defaulted on debt repayments raising questions on their survival.
What signal does the HDFC-HDFC Bank merger send to the #NBFC sector? 🤔
Here's what Muthoottu Mini Financiers Ltd's MD, Mathew Muthoottu has to say 👇
https://www.moneycontrol.com/news/business/banks/mc-exclusive-merger-an-option-for-smaller-nbfcs-says-muthoottu-mini-md-8394371.html?utm_source=telegram&utm_medium=social
Here's what Muthoottu Mini Financiers Ltd's MD, Mathew Muthoottu has to say 👇
https://www.moneycontrol.com/news/business/banks/mc-exclusive-merger-an-option-for-smaller-nbfcs-says-muthoottu-mini-md-8394371.html?utm_source=telegram&utm_medium=social
#MCExclusive ⚡️ When asked if he expects consolidation in the #NBFC sector, here's what Deepak Parekh, Chairman of HDFC, said.
Read his interview with Siddhi Nayak to know more 👇
https://www.moneycontrol.com/news/business/exclusive-interview-in-my-44-years-with-hdfc-i-have-not-seen-housing-demand-the-way-it-is-today-says-deepak-parekh-8439041.html?utm_source=telegram&utm_medium=social
Read his interview with Siddhi Nayak to know more 👇
https://www.moneycontrol.com/news/business/exclusive-interview-in-my-44-years-with-hdfc-i-have-not-seen-housing-demand-the-way-it-is-today-says-deepak-parekh-8439041.html?utm_source=telegram&utm_medium=social
#MCInsider: The latest on #MTM controversy, #hiring troubles at #NBFC, liquor IPO, ad games, and more.
Read at 👇
https://bit.ly/3iHpi8i
Read at 👇
https://bit.ly/3iHpi8i
Moneycontrol
MC Insider: The latest on MTM controversy, hiring troubles at NBFC, liquor IPO, ad games, and more
In a strongly-worded letter to the management, #RBI has asked the management of #PTCIndia Ltd’s non-banking financial company (#NBFC) – PFS – to answer some of the questions raised in the recently-conducted forensic audit.
Read Here 👇🏻
https://bit.ly/3ZwqvjF
Read Here 👇🏻
https://bit.ly/3ZwqvjF
Moneycontrol
RBI puts PTC Financial Services under the scanner as corporate governance issue lingers
The PFS management has dismissed the findings of a forensic audit, citing views of E&Y and a former chief justice of India.
#MCPersonalFinance: Last week, Bajaj Finance, a non-banking finance company (#NBFC), raised its fixed deposit interest rates, yet again. After the latest hike, the NBFC is offering its highest rate of 8.35 per cent per annum on its 44-month deposit
Read here👇
https://bit.ly/3Ibc8KF
Read here👇
https://bit.ly/3Ibc8KF
Jio Financial Services will primarily operate in the #NBFC market and #credit market segments and has strategic plans to expand its operations into #insurance, #DigitalPayment, and #AssetManagement verticals.
Get more details 👇
https://moneycontrol.com/news/business/stocks/jio-financial-services-stock-lists-at-rs-262-on-nse-and-at-rs-265-on-bse-11226831.html?utm_source=telegram&utm_medium=social
Get more details 👇
https://moneycontrol.com/news/business/stocks/jio-financial-services-stock-lists-at-rs-262-on-nse-and-at-rs-265-on-bse-11226831.html?utm_source=telegram&utm_medium=social
#MarketsWithMC | Jio Financial Services is preparing to announce its inaugural quarterly results since going public. Over the past month, mutual funds decreased their stake in the #NBFC from 6.63% in Aug to 4.71% by the end of Sept.
Know more 👇
https://www.moneycontrol.com/news/business/stocks/jio-financial-services-q2-today-mutual-funds-trim-stake-after-listing-11537151.html?utm_source=telegram&utm_medium=social
Know more 👇
https://www.moneycontrol.com/news/business/stocks/jio-financial-services-q2-today-mutual-funds-trim-stake-after-listing-11537151.html?utm_source=telegram&utm_medium=social
Moneycontrol
Jio Financial Services first ever quarterly results today; mutual funds trim stake since listing
Ahead of results, in the month gone by, mutual funds brought down their stake in the NBFC (non-banking financial company) to 4.71 percent. As of August end, mutual funds’ stake stood at 6.63 percent, according to data compiled by Prime Database.